15 Dec 2009director interest notice● Neutral
Harvest Oil & Gas Corp. director Encap V-b Acquisitions, L.p. received a stock option grant for 1,105 shares.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
15 Dec 2009director interest notice● Neutral
Harvest Oil & Gas Corp. director Gary R Petersen received a stock option grant for 2,500 shares.
15 Dec 2009director interest notice● Neutral
Harvest Oil & Gas Corp. director Encap Energy Capital Fund V L P received a stock option grant for 1,395 shares.
14 Dec 2009director interest notice● Neutral
Harvest Oil & Gas Corp. Senior Vice President Macaskie Kathryn S received a stock option grant for 27,000 shares.
14 Dec 2009director interest notice● Neutral
Harvest Oil & Gas Corp. director Lindahl III George received a stock option grant for 3,000 shares.
14 Dec 2009director interest notice● Neutral
Harvest Oil & Gas Corp. director James R Larson received a stock option grant for 3,000 shares.
14 Dec 2009director interest notice● Neutral
Harvest Oil & Gas Corp. Controller& Principal Acct.Ofc Frederick Dwyer received a stock option grant for 3,000 shares.
14 Dec 2009director interest notice● Neutral
Harvest Oil & Gas Corp. Chief Executive Officer Walker John B received a stock option grant for 35,000 shares.
14 Dec 2009director interest notice● Neutral
Harvest Oil & Gas Corp. Chief Financial Officer Mercer Michael E received a stock option grant for 27,000 shares.
14 Dec 2009director interest notice● Neutral
Harvest Oil & Gas Corp. President and COO Houser Mark A received a stock option grant for 31,000 shares.
14 Dec 2009director interest notice● Neutral
Harvest Oil & Gas Corp. director Burk Victor received a stock option grant for 3,000 shares.
14 Dec 2009material agreement● NeutralMajor
The partnership and EnerVest, Ltd. extended the Omnibus Agreement for 2010, with the Conflicts Committee approving the terms. The monthly fee payable to EnerVest, Ltd. rises to $666,666.67 from $625,000 in 2009, subject to adjustment for acquisitions or sales. Separately, the partnership and EnerVest signed a farmout with PetroEdge Energy on about 9,500 net acres of Marcellus Shale in West Virginia (the partnership contributing about 7,760 net acres). PetroEdge earns a 75% working interest in the acreage by drilling, and the farmout is tied to about $33 million of spending over four years. The partnership keeps the remaining 25% share and about 27,000 other net Marcellus-potential acres.
7 Dec 2009director interest notice● Neutral
Harvest Oil & Gas Corp. director Encap Energy Capital Fund V L P sold 257,629 shares at $25.45.
7 Dec 2009director interest notice● Neutral
Harvest Oil & Gas Corp. director Encap V-b Acquisitions, L.p. sold 204,112 shares at $25.45.
7 Dec 2009director interest notice● Neutral
Harvest Oil & Gas Corp. director Gary R Petersen sold 461,741 shares at $25.45.
30 Sept 2009material agreement● NeutralMajor
The partnership sold 2,800,000 new common units at $22.83 each (underwriters have an option for 420,000 more), expecting about $62.3 million of net proceeds with closing around September 30, 2009. Proceeds are for general purposes including possible acquisitions, and meanwhile to repay credit facility debt. It also announced an agreement to acquire Appalachian Basin properties; the filing text shown does not give the price or terms. This is a second unit sale after June 2009 and further increases the unit count.
25 Sept 2009securities registration● Neutral
Harvest Oil & Gas Corp. filed a prospectus supplement for an offering off its existing shelf.
24 Sept 2009securities registration● Neutral
Harvest Oil & Gas Corp. filed the final prospectus for a registered offering.
15 June 2009material agreement● NeutralMajor
The partnership sold 3,500,000 new common units to the public at $20.40 each (underwriters have an option for 525,000 more), with closing expected around June 16, 2009. Proceeds are meant to reduce borrowings under the credit facility and fund the purchase price of a newly announced Austin Chalk acquisition. In that deal it will pay $12.2 million for a 15.15% interest in 276 wells in Central Texas, alongside EnerVest institutional partnerships; it already owns an interest in 84% of those wells and about 9 Bcfe of proved reserves are net to it. Closing is expected by July 1, 2009. New units dilute existing holders' share, but the debt reduction addresses the $440 million borrowed in April. The release also lists new gas hedges for 2009-2012.
11 June 2009securities registration● Neutral
Harvest Oil & Gas Corp. filed a prospectus supplement for an offering off its existing shelf.
10 June 2009securities registration● Neutral
Harvest Oil & Gas Corp. filed the final prospectus for a registered offering.
16 Apr 2009debt financing▼ BadMajor
The credit facility's borrowing base was set at $465 million in the semi-annual review, down from the $525 million set after the September 2008 acquisitions. Fees and interest margins were reset in a Third Amendment (commitment fee 0.50%; margins 2.25%-3.00% on Eurodollar loans, 1.25%-2.00% on alternate base rate loans). The press release says $440 million was outstanding and over $26 million of cash was held, so little borrowing room remained under the new limit (inference from those two figures). The next redetermination is scheduled for October 2009.
16 Mar 2009director interest notice● Neutral
Harvest Oil & Gas Corp. Controlr and Prin, Acct. Ofc. Frederick Dwyer received a stock option grant for 6,000 shares.
16 Mar 2009director interest notice● Neutral
Harvest Oil & Gas Corp. Chief Financial Officer Mercer Michael E received a stock option grant for 60,000 shares.
16 Mar 2009director interest notice● Neutral
Harvest Oil & Gas Corp. President and COO Houser Mark A received a stock option grant for 60,000 shares.
16 Mar 2009director interest notice● Neutral
Harvest Oil & Gas Corp. Chief Executive Officer Walker John B received a stock option grant for 60,000 shares.
16 Mar 2009director interest notice● Neutral
Harvest Oil & Gas Corp. President and COO Houser Mark A exercised stock options for 16,667 shares and disposed of 16,667 shares.
16 Mar 2009director interest notice● Neutral
Harvest Oil & Gas Corp. Senior Vice President Macaskie Kathryn S received a stock option grant for 60,000 shares.
18 Feb 2009director interest notice● Neutral
Harvest Oil & Gas Corp. Senior Vice President Macaskie Kathryn S exercised stock options for 35,000 shares.
17 Feb 2009substantial holder notice● Neutral
ZLP Fund, L.P, Zimmer Lucas Partners, LLC, Zimmer Lucas Capital, LLC, Stuart J. Zimmer, Craig M. Lucas reported no remaining Harvest Oil & Gas Corp. shareholding in its periodic institutional filing.